Kore Nutrition Incorporated (KORE.OB)
Despite the roller coaster economy of the past two years, the energy drink market has fared rather well according to several recent industry reports. According to a report titled Comprehensive Reviews in Food Science and Food Safety, Energy Drinks Dominate the Functional Beverage Market in the U.S. and since its introduction in 1997, the energy drink market is the fastest growing segment in the beverage industry.
This comes on the heels of a report from Mintel’s Global Market Navigator (GMN) noting that energy drinks in particular have experienced impressive growth of more than 240% in the United States, as well as abroad, from 2004 to 2009. In addition, the U.S. energy drink industry is expected to more than double reaching an astounding $19.7 billion by 2013, an increase of almost 160% since 2008, according to Datamonitor.
KORE and the Company’s wholly owned subsidiary, Go All In, Inc. (“ALL IN”), are pleased to announce the establishment of their new Asian Licensee, ALL IN Asia.
ALL IN Asia is headed by Mr. Desmond Liew, an experienced and highly capable marketing and distribution expert in Asia. ALL IN Asia will manage the rollout of ALL IN Energy products throughout the important markets of Mainland China, Hong Kong, and Korea initially, then expand distribution throughout the rest of this region over time.
KORE and the Company’s wholly owned subsidiary, Go All In, Inc. (“ALL IN”), are pleased to announce the appointment of LMB Sales Inc. (“LMB Sales”) to represent and market ALL IN products throughout the Western United States, which is the Company’s initial focus territory, as one of KORE‘s initial key distributors.
LMB Sales, located in Murrieta, California, has strong relationships with some of the largest and most well-known retail distributors in the U.S. and has a significant track record of success in marketing and representing new retail brands and products. Retail store chains such as Kroger, Walgreens, 7-Eleven, Costco, and Walmart will be KORE‘s first priority for distribution, with additional well-known regional and national accounts to be added.
KORE, through its wholly-owned subsidiary, ALL IN, is engaged in the business of developing, producing, and selling non-alcoholic beverages. KORE produces premium energy drinks and an enhanced purified water under the brand name, ALL IN Energy, to suit the demands of an active world. Unlike competitive energy drinks, which can lack great taste and occasionally create a mere energy blip, ALL IN Energy is a premium sugar free product, with no carbohydrates, and less than 10 calories per can.
To learn more about KORE visit: http://www.allinenergy.com
Cal-Maine Foods, Inc. (NASDAQ:CALM)
CALM recently issued the following clarification regarding the previously announced voluntary recall of shell eggs supplied from Hillandale Farms of Iowa. This information does not increase the total number of eggs which CALM purchased from Hillandale Farms, which was previously announced on August 20, 2010. CALM immediately contacted its customers to ensure that any eggs included in the recall were withdrawn from the marketplace.
CALM. engages in the production, grading, packaging, marketing, and distribution of shell eggs primarily in the southeastern, southwestern, mid-western, and mid-Atlantic regions of the United States. CALM also produces and markets specialty shell eggs, including nutritionally enhanced, cage free, and organic eggs under the Egg-Land’s Best, Farmhouse, and 4-Grain brands. CALM markets its products through its distribution network primarily to wholesale egg buyers, including national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers. CALM was founded in 1969 and is based in Jackson, Mississippi.
To learn more about CALM visit: http://www.calmainefoods.com
Del Monte Foods Company (NYSE:DLM)
Announcement Highlights:
- First quarter net sales declined 1.1%, driven by ~4% Pet Products net sales growth and ~6% Consumer Products net sales decrease.
- Diluted EPS from continuing operations of $0.29 decreased $0.01 from a record Q1 EPS of $0.30 in fiscal 2010.
- DLM completes $100 million share repurchase, repurchasing 7.1 million shares via an accelerated share buyback program.
Fiscal 2011 guidance:
- Net sales is now expected to grow 1%-3% compared to prior expectations of 2%-4%.
- Diluted EPS from continuing operations is maintained at $1.38-$1.42 due to lower net cost inflation expectations.
- Cash from operations less cash from investing is maintained at $260-$270 million.
DLM engages in the production, distribution, and marketing of branded food and pet products for the retail market in the United States. DLM operates in two segments, Consumer Products and Pet Products.
To learn more about DLM visit: http://www.delmonte.com
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